LendLedger

LendLedger

TBA
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LendLedger is the first blockchain-based open protocol connecting data providers, lenders and borrowers to help small businesses globally unlock the eight trillion dollars in loans they are unable to access today.

LendLedger’s founders and advisors have created or led pioneering ventures in emerging markets, including SKS (First microfinance institution to IPO in India), FINO Paytech (70 million clients), and M-PESA in Kenya (largest mobile money provider globally). V.01 of the LendLedger protocol is already in use, powering $30 million in loan disbursements annually for Happy Loans, a licensed lender in India. Lenders leveraging the LendLedger protocol also do not need to hold crypto-assets, thereby significantly reducing barriers to adoption. Our LOANtokens, are used to unlock lending credits on the network and give access for data providers, borrowers and others.
7.9
TOTAL SCORE
8.5
ICO PROFILE

(weight: 45%)

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TEAM PROOF

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General
Website: Visit
White paper: Read
Bounty: Bounty
Dates: TBA
Whitelist/KYC: KYC
Country: Singapore
Token info
Ticker: LOAN
Platform: Stellar
Token Type: Stellar
Available for sale: 450,000,000 LOAN (45%)
Financial
ICO Price: 1 LLC = 0.05 USD
Accepting: ETH, BTC, XLM, Fiat
Hard cap: $5,000,000
Milestone 1 (Q4 2018): Demonstration (India-Based Pilot)
By the close of 2018 LendLedger will have released its initial protocol focused on core blockchain functionality.. The co-founders of LendLedger currently own and operate a data-driven Indian lending business which is onboarding loans at a run rate of $30 million annually. This will become our pilot group and we will move all of these loans onto the LendLedger blockchain. In addition, LendLedger will become the first test Credit Node. Credit nodes are essential to the running of the platform: they stake LOANtoken in exchange for Ledger Credit - the stable, non-fungible asset, used to make loans on the platform. For more details please see the LendLedger Technical Paper.
Milestone 2 (Q1 2019): India Onboarded
In the first 6 months of 2019 LendLedger will have expanded the pilot platform, built off our existing Indian lending business Happy Loans, and will be operating in the wider Indian market via the second iteration of the LendLedger protocol. Amongst other things this will involve off-chain data exchanges and Credit Nodes in testing with 3rd parties. As the basic software for Lenders and Data Providers will be live there will be a deep focus placed on bringing more actors onto the platform. The project will draw on the extensive relationships our founding team have with Indian institutions such as ICICI Bank, RBL Bank, Yes Bank, HDFC Bank and establishing partnerships like that with the Smart Campaign to assure those on our platform are observing best practice. We aim to have reached a annual run rate of over $50 million at this stage.
Milestone 3 (Q2 2019): India + 1 Other Market
After successfully establishing LendLedger in India the team will focus on scaling through expanding into other emerging markets. LendLedger has advisors and Community Experts with valuable experience in our target markets such as Nick Hughes, founder of M-KOPA and Nicole Van Der Tuin Co-Founder and CEO of First Access. <br />
Screenshots taken on 18 Sep 2018
Gautam Ivatury
Co-Founder and CEO
Participates in a number of projects
Manish Khera
Co-Founder
Participates in a number of projects
Greg DeForest
Head of Product
Participates in a number of projects
Odysseas Sclavounis
Blockchain Network Governance
Participates in a number of projects
Sanachit Mehra
Blockchain Architect
Participates in a number of projects
Daniella Loftus
Communications Manager
Participates in a number of projects

Advisors (3)

Nick Hughes, OBE
Advisor
Participates in a number of projects
Alberto Jimenez
Advisor
Participates in a number of projects
Alex Mashinsky
Advisor
Participates in a number of projects
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